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MA H3181
Bill
Status
Introduced
2/27/2025
Primary Sponsor
Christopher Markey
Click for details
AI Summary
- Creates a state tax deduction for first-time homebuyers equal to the full amount of closing costs paid during the home purchase
- Defines "first-time homebuyer" as a Massachusetts resident who has not owned a home at any point in the last three years
- Closing costs eligible for deduction include appraisal fees, mortgage generation fees, bank fees, recording fees, inspection fees, attorney fees, and escrow fees
- Filed by Representative Christopher M. Markey (9th Bristol) on January 17, 2025 and referred to the Revenue Committee
Legislative Description
Relative to a first-time homebuyer tax deduction
Last Action
Reporting date extended to Wednesday, March 18, 2026
2/25/2026
Committee Referrals
Revenue2/27/2025
Full Bill Text
No bill text available